National Development and Reform Commission: July's non-ferrous metal industry profit growth of 90%

Yesterday, the National Development and Reform Commission announced that the monthly "July of the Main Industrial Sector Operations" report showed that the efficiency of most industries continued to increase in July. Among them, non-ferrous industry profits increased by 91.9% year-on-year, building materials and machinery industry profits increased by more than 40%, textile, electricity, and light. The profits of the industrial, petrochemical, and electronics industries increased by 24.7%-35%. The profits of the tobacco, coal, and pharmaceutical industries increased rapidly, and the profits of the metallurgical industry decreased by 10.2%.

According to the report data, the energy production in the country increased steadily in July. The country’s coal output was 168 million tons, a year-on-year increase of 9.7%, and the growth rate slowed by 2.3 percentage points from the previous month. The nation's electricity generation increased by 13.5% year-on-year, and the growth rate slowed by 0.5% from the previous month, of which thermal power and hydropower increased by 15% and 8.2% respectively. Crude oil production also increased by 1.9% year-on-year, and the growth rate slowed down by 0.3% from the previous month; crude oil processing volume increased by 7.8%, slowing by 2.1 percentage points, of which gasoline and diesel production increased by 0.2% and 5.8% respectively.

The growth rate of production of major raw materials slowed down. The output of crude steel in July increased by 22.2% as compared with that of the same period of last year. The growth rate was 3.7 percentage points higher than that of the previous month; the output of steel products increased by 22.5%, which was 9.6 percentage points lower. Cement output increased by 19.6% year-on-year, and the growth rate slowed by 1.1% from last month. The output of ten kinds of non-ferrous metals nationwide increased by 14.5% year-on-year, and the growth rate slowed by 3.8 percentage points from the previous month; among them, copper, electrolytic aluminum, and lead increased by 16.1%, 15.9%, and 5.7% respectively, slowing down by 1.7, 7.1, and 7.8 percentage points; zinc It increased by 12.5%, accelerating 2.3%. From January to July, nonferrous metals industry realized a profit of 63 billion yuan, an increase of 91.9%.

In addition, the report also pointed out that in July the textile industry increased its export growth, and the light industry maintained a rapid growth in production. The textile industry's export delivery value increased by 16.8%, an increase of 2.8 percentage points. Exports have improved significantly. The output of dairy products and soft drinks in the light industry has maintained rapid growth. In the first seven months of the year, the pharmaceutical industry realized a profit of RMB 21.2 billion, an increase of 7.6%.

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